Monday, July 21, 2014

Scalping GBP/USD

I have been scalping GBP/JPY today, entries were made purely by value investing. Mr Clarence hypothesised that when USD is strong, all currencies will weaken against it except the Yen. So far, this has turned out to be true for the last two trading days. More testing is needed to confirm this.

I have closed my EUR/USD longs yesterday as I feared this pair would test the 1.349 support again. However, I did not manage to reenter when it bounced.

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